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Here's your closing bell brief for Monday, July 28th. I'm Danny Lewis for the Wall Street Journal.

Stock indexes were mixed after President Trump's new trade deal with the European Union.

The Dow Jones Industrial Average lost 64 points to close at 44,838. The S&P 500 gained a point,

and the NASDAQ rose 70 points. Trump said the U.S.

would set a baseline 15 percent tariff for European goods, while the economic block agreed to

buy $750 billion in energy products and invest an additional $600 billion in the U.S.

The trade agreement removes the risk that two of the world's largest economic powers

could descend into a trade war, but some critics say it will likely weigh on already sluggish European growth.

The deal-making reduces some of the uncertainty that is dragged on global businesses,

as it suggests Trump isn't pursuing an all-out trade war,

but markets have roared back so fast that some money managers are now concerned a new market

bubble is forming. Among individual companies trading today, stock in Boeing rose after the trade

deal between the EU and the U.S. restored a decades-old tariff exemption for aerospace companies.

Shares rose 1.4%.

Tesla stock rallied after CEO Elon Musk announced a $16.5 billion deal with Samsung to make

artificial intelligence chips for the electric vehicle maker.

shares rose 3%. The news also boosted chipmaker AMD, which gained 4.3%. And shares of Nike

rose 3.9% after JPMorgan analysts upgraded the sportswear maker's stock to overweight.

We'll have a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to

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